Quarterly ResultMay 12, 2026, 07:37 AM
Ambiq Q1 Net Sales +59.3% to $25.06M; Exceeds Guidance
AI Summary
Ambiq Micro reported strong financial results for the first quarter of 2026, with net sales increasing 59.3% year-over-year to $25.06 million, surpassing guidance. The company achieved a GAAP gross margin of 43.5% and a non-GAAP gross margin of 46.2%, reflecting improved manufacturing efficiencies. Ambiq also provided an optimistic outlook for the second quarter, projecting net sales between $31.0 million and $32.0 million, driven by continued demand for edge AI solutions and strategic initiatives like expanding customer diversification and global R&D.
Key Highlights
- Q1 2026 net sales increased 59.3% year-over-year to $25.06 million, exceeding guidance.
- Q1 2026 GAAP gross margin was 43.5%, up from 42.7% sequentially.
- Q1 2026 non-GAAP gross margin was 46.2%, up from 45.5% sequentially.
- Q1 2026 GAAP net loss was $10.17 million, compared to $10.68 million in Q4 2025.
- Q2 2026 net sales are projected to be between $31.0 million and $32.0 million.
- Q2 2026 non-GAAP gross margin is expected to be 45.0% to 46.0%.
- Top three customers accounted for approximately 71% of net sales in Q1 2026, down from 86% in Q1 2025.
- Announced a multi-year Singapore-based R&D program to accelerate edge AI innovation.